Wednesday, October 25, 2017

Elliott Wave Stock Market Update - October 25

A miracle! prices have closed below the Trend Average for the first time in a month. Also, today's low invalidates the bullish set up that had been in place and we could see a change in the short-term trend as soon as this week. Bulls would have to make a new ATH to invalidate the potential bearish count in place, which might be difficult given how steep the initial fall was today.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bullish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

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